Diamond Cryptocurrency Startup Receives $1.6M

RAPAPORT... Israeli startup Carats.io received first-round funding for
its diamond cryptocurrency venture, the company said Monday.
The enterprise, which is working in partnership with the
Israel Diamond Exchange (IDE), raised $1.6 million from Net Capital Ventures, an
Israel-based venture-capital fund.

Carats.io has created the first digital coin —
named CARAT —
backed by real, certified diamonds, which provides the stability of a diamond
alongside the liquidity of cryptocurrency, Avishai Shoushan, its CEO (pictured), said.